Revenue for the first half of the year was up by 20% to €25.8m, with member numbers rising by 880,000 to 9.63 million. The network has boosted revenue with e-recruiting and advertising on the site, as well as making improvements to the Premium Membership service.
During the first half-year, 31,000 people upgraded to a Premium Membership, taking overall figures to 718,000 worldwide.
Stefan Gross-Selbeck, Xing’s CEO, said: "We were able to present excellent figures for the first half of 2010. From an operative perspective, the second quarter was the most successful in the company’s history, with our strategy of tapping into new sources of income already bearing fruit."
Half of Xing’s members are in German-speaking countries. Other strong markets are Turkey and Spain. Its strength in markets complementary to LinkedIn, also a social networking site with a professional focus, has led to speculation about a possible merger between the two.
During the first half-year, 31,000 people upgraded to a Premium Membership, taking overall figures to 718,000 worldwide.
Stefan Gross-Selbeck, Xing’s CEO, said: "We were able to present excellent figures for the first half of 2010. From an operative perspective, the second quarter was the most successful in the company’s history, with our strategy of tapping into new sources of income already bearing fruit."
Half of Xing’s members are in German-speaking countries. Other strong markets are Turkey and Spain. Its strength in markets complementary to LinkedIn, also a social networking site with a professional focus, has led to speculation about a possible merger between the two.
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